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Amazon Web Services - Statistics & Facts

Amazon, founded in 1994, is the world’s largest online retailer of books, clothing, electronics, music, and many other goods. In 2021, the company peaked its net sales revenue at over 469 billion U.S. dollars. Amazon’s service offerings have increased over the years and currently include online and physical stores, retail third-party seller services, subscription services, Amazon Web Services (AWS), as well as other related services. Due to global interest in cloud services and the disruption they are causing across various sectors, AWS has played an increasingly important role in the cloud services industry, bringing in a significant amount of revenue for Amazon. From being launched in 2006, revenues of AWS surpassed 62 billion U.S. dollars in 2021.

Cloud market showing strong growth

The cloud market experienced a snowball effect, making it one of the most important investment opportunities for the retail and IT giants. The overall cloud applications services (SaaS) market is expected to experience an annual growth rate of 16 percent in 2022, with cloud system infrastructure services (IaaS) and cloud application infrastructure services (PaaS) expected to grow at a rate of almost 31 percent and 26 percent respectively. In terms of market size, these individual cloud service segments are expected to achieve revenues of 177 billion U.S. dollars (SaaS), 110 billion U.S. dollars (PaaS), and 120 billion U.S. dollars (IaaS) by 2022.

Amazon and other U.S. companies dominate the market

Amazon is among the largest hyperscale cloud providers, together with Microsoft Azure, Google Cloud, and Alibaba. The hyperscalers outperform other companies in the market regarding technological innovation, revenues generated, global scale, and expertise. Accordingly, AWS offers a wide range of cloud-based products, including databases, analytics, management tools, security, IoT, enterprise applications, and developer tools. The company continuously expands its repertoire of services to meet its customers’ changing needs and thereby advances industry standards and practices. For this reason, many enterprises worldwide use AWS’ public cloud platform and infrastructure services to run their applications.

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